If landlord pays water use 60% costs.Any immediate repairs would need to be deducted as CAPEX from purchase price.Verify rents are actual rents inline with market and that there was no first months rent given half off or free which will reduce total market rent per month average per unit.

Half hour, full hour?

I did see some new home building occurring about a half mile up the street but I am unsure if that will translate into changing the dynamics of these lots.

Non of the tenants have even half a cord of wood piled up anywhere, so I know they are following the rules.

Divide by half because I'll be living in it so one unit needs to pay at least $635 towards mortgage payments which is already covered by the current upstairs renter ($690).Following the 50% rule: Half the 1% rent of $1270 is $635.

I'm looking forward to becoming more interactive.The podcasts helped me through my half ironman training this summer and the forums always contain a wealth of information.I currently work in the healthcare industry, but spend a great deal of my spare time developing algorithms to analyze properties!

I would think that 7ft piece and the 2 - 2ft pieces can be had at HD or LOWES for $100 and half days work.

They will typically loan you up to half the accounts value and while you do pay interest, you essentially pay it to yourself.

My portfolio lenders stopped using DTI when I acquired a half dozen properties and look at appraisal and DSCR.

About a year and a half ago I realized I had a great skillset for being a landlord.